Headlines about Foot Locker (NYSE:FL) have been trending somewhat positive this week, according to Accern Sentiment. The research group identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Foot Locker earned a news impact score of 0.03 on Accern’s scale. Accern also gave headlines about the athletic footwear retailer an impact score of 44.3461013956472 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the headlines that may have effected Accern’s rankings:
- Contrasting Boot Barn (BOOT) and Foot Locker (FL) (americanbankingnews.com)
- FL INVESTOR ALERT: The Law Offices of Vincent Wong Reminds Investors of a Class Action Involving Foot Locker, Inc. and a Lead Plaintiff Deadline of May 8, 2018 (finance.yahoo.com)
- MAY 8 DEADLINE: The Schall Law Firm Announces the Filing of a Securities Class Action Lawsuit Against Foot Locker, Inc. and Reminds Investors to Contact The Firm (finance.yahoo.com)
- Glancy Prongay & Murray LLP Announces the Filing of a Securities Class Action on Behalf of Foot Locker, Inc. Investors (FL) (finance.yahoo.com)
- Financial Survey: Boot Barn (BOOT) versus Foot Locker (FL) (americanbankingnews.com)
A number of research analysts have commented on FL shares. Zacks Investment Research upgraded Foot Locker from a “hold” rating to a “strong-buy” rating and set a $57.00 target price on the stock in a research note on Friday, February 2nd. Buckingham Research upgraded Foot Locker from a “neutral” rating to a “buy” rating and set a $57.00 price target for the company in a research note on Friday, January 5th. Telsey Advisory Group upgraded Foot Locker from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $44.00 to $56.00 in a research note on Friday, January 19th. Credit Suisse Group initiated coverage on Foot Locker in a research note on Monday, March 12th. They set an “outperform” rating and a $50.00 price target for the company. Finally, Barclays upped their price target on Foot Locker from $55.00 to $60.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 30th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and sixteen have assigned a buy rating to the stock. Foot Locker has an average rating of “Hold” and an average target price of $54.79.
Foot Locker (NYSE:FL) last posted its quarterly earnings data on Friday, March 2nd. The athletic footwear retailer reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.01. Foot Locker had a return on equity of 19.32% and a net margin of 3.65%. The business had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.23 billion. During the same quarter in the previous year, the firm earned $1.37 EPS. The firm’s revenue was up 4.6% compared to the same quarter last year. analysts expect that Foot Locker will post 4.39 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 4th. Investors of record on Friday, April 20th will be given a dividend of $0.345 per share. This represents a $1.38 annualized dividend and a dividend yield of 3.20%. The ex-dividend date of this dividend is Thursday, April 19th. This is a boost from Foot Locker’s previous quarterly dividend of $0.31. Foot Locker’s payout ratio is currently 33.58%.
In other Foot Locker news, Director Jarobin Gilbert, Jr. sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $43.44, for a total value of $65,160.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Lewis Phillip Kimble sold 11,043 shares of the company’s stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of $42.71, for a total value of $471,646.53. The disclosure for this sale can be found here. Corporate insiders own 2.90% of the company’s stock.
Foot Locker Company Profile
Foot Locker, Inc, through its subsidiaries, operates as an athletic shoes and apparel retailer. The company operates in two segments, Athletic Stores and Direct-to-Customers. The Athletic Stores segment retails athletic footwear, apparel, accessories, and equipment under various formats, including Foot Locker, Kids Foot Locker, Lady Foot Locker, Champs Sports, Footaction, Runners Point, Sidestep, and SIX:02.
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